Apple Shifts iPhone Production to India: Tariffs and Global Manufacturing
Apple will significantly increase iPhone production in India, making it the primary source for US iPhones starting in the June quarter. This shift, along with Vietnam becoming the main source for other Apple products sold in the US, aims to mitigate potential tariff impacts from China. Simultaneously, Apple plans to expand its retail presence in India with new stores opening later this year, reflecting the country’s strong sales growth. Despite tariff uncertainties costing the company an estimated $900 million this quarter, Apple reported strong overall financial results.
John Q. Hosedrinker